Refused a Santantder 123 Account
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I was also declined by santander because of lack of credit history.
why do they all have to do a credit check if i just want to save money and get some interest.
I don't need overdraft at all0 -
OP...Complain, get a final response and then escalate to the FCA.0
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Regardless of perfect credit history, bankruptcies, CCJs, etc - banks have the right to refuse potential customers. They don’t even need to give you a reason for it. Complaints won’t get you anywhere as they are well within their rights.
Save your energy and move on.EMERGENCY FUND £1644.03 / £3000 (55% SAVED)
CAR FUND £1200 / £1200 (100% SAVED)0 -
Technically Santander 123 is a current account not a savings account so there is a possibility of going overdrawn on it. This is why they check your credit record. You may have better luck with just a straightforward savings account.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.0
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